Portland Housing Center
- Assets
- $19.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Portland, OR
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 93-1111589
Organization Overview
Portland Housing Center is located in Portland, OR. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Portland Housing Center employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Housing Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Portland Housing Center generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EVERYONE DESERVES ACCESS TO HOMEOWNERSHIP. THE PORTLAND HOUSING CENTER MAKES IT POSSIBLE THROUGH QUALITY EDUCATION, COUNSELING AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME BUYING EDUCATION AND GUIDANCE: PORTLAND HOUSING CENTER PROVIDES PRE-PURCHASE HOME BUYER EDUCATION, PRE-PURCHASE ONE-ON-ONE COUNSELING AND CLASSES ON FINANCIAL LITERACY FOR HOMEOWNERS.
FINANCIAL SERVICES: PORTLAND HOUSING CENTER PROVIDES SEVERAL TYPES OF DIRECT FINANCIAL ASSISTANCE TO ELIGIBLE HOME BUYERS INCLUDING DOWN PAYMENT ASSISTANCE GRANTS, MATCH SAVINGS FUNDS, AND A FULLY AMORTIZING 2ND MORTGAGE PRODUCT. PORTLAND HOUSING CENTER ALSO SERVES AS AN OREGON LICENSED MORTGAGE BROKER FOR FIRST MORTGAGES AND REFINANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Walker Jr President | OfficerTrustee | 1 | $0 |
Debra Neal Vice President | OfficerTrustee | 1 | $0 |
Tanja Lux Treasurer | OfficerTrustee | 1 | $0 |
Deona Delong Secretary | OfficerTrustee | 1 | $0 |
Mike Schrader Member | Trustee | 1 | $0 |
Ta'neshia Renae Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,157,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,436,244 |
| Total Program Service Revenue | $931,167 |
| Investment income | $4,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,388,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500,081 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,629 |
| Compensation of current officers, directors, key employees. | $37,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,015,875 |
| Pension plan accruals and contributions | $23,689 |
| Other employee benefits | $126,381 |
| Payroll taxes | $112,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,164 |
| Fees for services: Accounting | $19,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,263 |
| Advertising and promotion | $0 |
| Office expenses | $138,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,534 |
| Travel | $20,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,844 |
| Interest | $22,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,283 |
| Insurance | $29,096 |
| All other expenses | $23,994 |
| Total functional expenses | $2,490,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,806,024 |
| Savings and temporary cash investments | $4,890,355 |
| Pledges and grants receivable | $658,186 |
| Accounts receivable, net | $24,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,075,518 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,723 |
| Net Land, buildings, and equipment | $267,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,876 |
| Total assets | $18,995,034 |
| Accounts payable and accrued expenses | $121,423 |
| Grants payable | $0 |
| Deferred revenue | $1,709,266 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,100,000 |
| Other liabilities | $211,770 |
| Total liabilities | $3,142,459 |
| Net assets without donor restrictions | $13,530,175 |
| Net assets with donor restrictions | $2,322,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,995,034 |